Thomas is contemplating purchasing a $72,000 piece of equipment for his bottling company. The useful life is

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Thomas is contemplating purchasing a $72,000 piece of equipment for his bottling company. The useful life is 6 years. The annual cash flows for this piece of equipment are predicted to be $17,000; $16,000; $19,000; $14,000; $18,000; $15,000 for years 1 - 6 respectively. The cost of capital is 7%. Calculate Average Payback Period

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Thomas is contemplating purchasing a $72,000 piece of equipment for his bottling company. The useful life is

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